Professional Office Condo For
For Sale
Contact for pricing
1934 N Druid Hills Rd, Atlanta, GA 30319
2,160 SF office condo in central Atlanta location.
Property Size2,160 SF
Price / SF$295
Days on Market177
Property Features for 1934 N Druid Hills Rd
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Office
Building Details
Year Built
1983
Year Renovated
2018
Stories
1
Listing Agency:
M3|COMMERCIAL REAL ESTATE SERVICES
Listed By:
David Ellis · License #GA 285823
Source:
Crexi
Added: Mar 10
Changed: Aug 26
Last Checked: Aug 28 at 9:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of M3|COMMERCIAL REAL ESTATE SERVICES
Investment Insights
Based on property information with market context.
This 2,160 SF professional office condo is suitable for various professional and service-oriented businesses. It features a central location with accessibility to Buckhead, Brookhaven, I-85, and GA-400. The building is located in a quiet office park with convenient parking. It is situated minutes from Lenox, Phipps Plaza, MARTA, PDK Airport, and the CHOA campus. The property is ideal for either an owner-user or as an investment.
Key Highlights
- Central location with excellent accessibility to Buckhead, Brookhaven, I‑85, and GA‑400.
- 2,160 SF professional office condo suitable for various businesses.
- Convenient parking in a quiet office park.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,925
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,500
$578.5K
Cap Rate 7%
$413,214
$413.2K
Cap Rate 9%
$321,389
$321.4K
Market Conditions
NOI Build-Up for 2,160 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.6K $23.87/SF
− Vacancy
−$13.0K −$6.02/SF
EGI
$38.6K $17.85/SF
− OpEx
−$9.6K −$4.46/SF
NOI
$28.9K $13.39/SF
Area
ZIP 30319
Vacancy
25.20%
Lease Rate
$23.87 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$578,500
Cap Rate 7%
$413,214
Cap Rate 9%
$321,389
Alternative Uses
Best Use
Office B
$413.2K
$361.6K – $482.1K
NOI $28,925 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$603.8K
$528.3K – $704.4K
NOI $42,266 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 30319, GA
44,026
Population
22,411
Households
2
Avg Household Size
36
Median Age
78%
College-Educated
96%
High-School Grad
10.3 sq mi
ZIP Area
4,274
Density / Sq Mi
$132,847
Median Household Income
$85,702
Median Earnings
$1,861
Median Rent
$708,700
Median Home Value
Market
Vacancy Rate% for Office in Atlanta, GA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 2,160 SF office condo in central Atlanta location.
Where is this office units located?
The property is located at 1934 N Druid Hills Rd Atlanta, GA.
What is the asking price?
The asking price for this property is $637,200.
What are key features of this property?
This property features: Central location with excellent accessibility to Buckhead, Brookhaven, I‑85, and GA‑400.; 2,160 SF professional office condo suitable for various businesses.; Convenient parking in a quiet office park.
